As equity markets continue setting new highs, corporate insiders sold off $9.6 billion worth of stock in May, the highest level of insider selling in six years.
Investors are pivoting away from U.S. and toward global equity funds, which took in $26.7 billion in May. European equity inflows are near a two-year high.
Starting June 9, the same day the DOL's fiduciary rule takes effect, advisers who want to buy mutual fund class shares for retired clients will be required to buy T shares.
The Fed has shifted from a data-dependent outlook to forecast-dependent, but that may not last, says Informa Financial Intelligence Chief Macro Strategist David Ader.